At the 2019 ADI Forum, ADI’s annual oil and gas conference, James Steffes, EVP of Corporate Affairs at Direct Energy, addresses whether renewables are losing ground to gas. In this insightful discussion, Steffes explores the evolving role of natural gas as a bridge fuel, especially as its growing competition with renewables intensifies. He highlights how the drop in natural gas prices to $3 challenges the justification of gas-fired power generation in decarbonization strategies. Steffes also emphasizes the shifting perspectives of environmental groups, who now view the current decarbonization path as unacceptable, and discusses the infrastructure challenges that come with maintaining gas generation at these price points. The conversation underscores the urgency to speed up the transition to renewables.
About ADI Analytics
ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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